A Hybrid Method for Risk Mitigation Strategy on Palm Oil Supply Chain: A Case Study in Indonesia

Kutanga, Nur Afni; Garside, Annisa Kesy; Utama, Dana Marsetiya

doi:10.22068/ijiepr.34.1.7

Volume 34, Issue 1 (IJIEPR 2023) IJIEPR 2023, 34(1): 1-11 | Back to browse issues page

‎ 10.22068/ijiepr.34.1.7

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Kutanga N A, Garside A K, Utama D M. A Hybrid Method for Risk Mitigation Strategy on Palm Oil Supply Chain: A Case Study in Indonesia. IJIEPR 2023; 34 (1) :1-11
URL: http://ijiepr.iust.ac.ir/article-1-1565-en.html

A Hybrid Method for Risk Mitigation Strategy on Palm Oil Supply Chain: A Case Study in Indonesia

Nur Afni Kutanga¹

, Annisa Kesy Garside

², Dana Marsetiya Utama¹

1- University of Muhammadiyah Malang
2- University of Muhammadiyah Malang , annisa@umm.ac.id

Abstract: (1760 Views)

Palm oil is a commodity whose demand continues to increase, requiring proper risk management in the supply chain. This study aims to develop a hybrid method that integrates probability impact matrix, analytical network process, and house of risk to mitigate strategies in the palm oil supply chain. The Probability Impact Matrix (PIM) method is used to map the priority risk agents and determine the occurrence value of the risk agents, and Analytical Network Process (ANP) is used to determine the severity value of the risk event. Furthermore, the House of Risk (HOR) is proposed to determine the priority of the mitigation strategy. The proposed method was applied in a case study on the palm oil supply chain in Indonesia. The research results show that ten priority risk agents and 6 mitigation strategies were obtained based on the proposed method to overcome risk agents in palm oil supply chain

Keywords: palm oil, house of risk, mitigation strategy, risk, supply chain

Full-Text [PDF 830 kb] (1021 Downloads)

Type of Study: Research | Subject: Logistic & Apply Chain
Received: 2022/08/14 | Accepted: 2022/12/4 | Published: 2023/03/10